Petra Diamonds Limited Sale of the 424.89 carat Legacy Diamond (0017Z)
14 Mayo 2019 - 07:56AM
UK Regulatory
TIDMPDL
RNS Number : 0017Z
Petra Diamonds Limited
14 May 2019
14 May 2019 LSE: PDL
Petra Diamonds Limited
("Petra", "the Company" or "the Group")
Sale of the 424.89 carat 'Legacy of the Cullinan Diamond
Mine'
Petra Diamonds is pleased to announce the sale of the 424.89
carat 'Legacy of the Cullinan Diamond Mine' to Stargems Group /
Choron ( Belgium ) BVBA for just under $15 million.
This exceptional D colour Type IIa gem mined from the Cullinan
C-Cut adds to the most famous diamonds to have originated from this
historic mine.
Richard Duffy, Chief Executive Officer, commented on the
sale:
'This is a significant sale for Petra Diamonds and an
endorsement of the quality not only of the Legacy diamond, but also
the Cullinan ore body itself, which is known for its exceptional
stones.'
Mr Shailesh Javeri, Chairman of Stargems Group commented:
'The Cullinan Diamond Mine has produced some of the most iconic
diamonds the world has ever seen and as a key client of Petra
Diamonds we are honoured to have the opportunity to polish the
'Legacy of the Cullinan Diamond Mine'.
Photos of the 'Legacy of the Cullinan Diamond Mine' can be found
at www.petradiamonds.com/media/image-library/diamonds.
Ends
For further information, please contact:
Petra Diamonds, London Telephone: +44 20 7494 8203
Marianna Bowes investorrelations@petradiamonds.com
Des Kilalea
Salisha Ilyas
Buchanan Telephone: +44 20 7466 5000
(PR Adviser) pdl@buchanan.uk.com
Bobby Morse
Chris Judd
Ariadna Peretz
About Petra Diamonds Limited
Petra Diamonds is a leading independent diamond mining group and
a consistent supplier of gem quality rough diamonds to the
international market. The Company has a diversified portfolio
incorporating interests in three underground producing mines in
South Africa (Finsch, Cullinan and Koffiefontein) and one open pit
producing mine in Tanzania (Williamson). Petra also conducts a
limited exploration programme in Botswana and South Africa, which
is currently under review.
Petra's strategy is to focus on value rather than volume
production by optimising recoveries from its high-quality asset
base in order to maximise their efficiency and profitability. The
Group has a significant resource base of ca. 290 million carats,
which supports the potential for long-life operations.
Petra conducts all operations according to the highest ethical
standards and will only operate in countries which are members of
the Kimberley Process. The Company aims to generate tangible value
for each of its stakeholders, thereby contributing to the
socio-economic development of its host countries and supporting
long-term sustainable operations to the benefit of its employees,
partners and communities. Petra is quoted with a premium listing on
the Main Market of the London Stock Exchange under the ticker 'PDL'
and is a constituent of the FTSE4Good Index. For more information,
visit www.petradiamonds.com.
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END
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